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Payment Plans

What is a Payment Plan?

LMU offers an interest-free monthly payment plan option that allows students to spread their expenses over smaller monthly installments. Some professional programs may be excluded. There is a yearly, one-time, nonrefundable enrollment fee of $45, but there is no pre-qualification or credit check for this service. Payments are due on the 1st of each month. A $20 fee is charged for late payments. The cost of books and supplies cannot be included in the payment plan.

How Many Payments?

When signing up for the payment plan, you will have the option to select the number of payments that you make. You can choose a 5- or a 4-month payment plan for each semester.

5-month plan:

When enrolling in the 5-month plan, your first payment for the fall semester will be due on July 1. Spring payments will begin on December 1.

4-month plan:

When enrolling in a 4-month plan, your first payment for the fall semester will be due on August 1. Spring payments will begin on January 1.

Spring-Only:

If you are doing a spring-only payment plan, the 5-month plan will begin December 1, and the 4-month plan will begin January 1.

Enrollment Instructions

  1. Log into your MyLMU account.
  2. Select the "Quick Links" tab on the right-hand side of the page.
  3. Click on the "LMU and JFWA Payment Plans"
  4. Read and consent to the agreement.
  5. Select the "Payment Plans" link at the top left of the page.
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Payment Plan Tips

When setting up a payment plan, if you see that it says you owe the full amount, continue the setup process, and then the amount you owe will adjust to include your financial aid.

If you have borrowed loans, the amount you owe will not reflect the loans until you have completed loan entrance counseling and signed a Master Promissory Note (MPN). After you complete those steps and the federal system syncs with the LMU system, your payment plan will automatically recalculate to reflect your balance with loans.

Your payment plan will automatically recalculate a new payment amount if you receive additional financial aid.

Funds from the work-study program are not factored into your balance when signing up for a payment plan. Students who work and earn paychecks may apply those funds to their accounts to reduce their balance.

Students on a fall payment plan are automatically enrolled for a spring payment plan if an account balance is owed for the spring term after registering.

Making Payments

Note: A returned or nonsufficient funds (NSF) fee of $30 will be charged per occurrence.

Late Payments

When enrolled in a payment plan, payments are due on the 1st of each month. Failure to make a payment will result in a $20 late fee that will be charged on the 7th of the month if payment is not received. Students who habitually fail to make their monthly payments may not be eligible to utilize the payment plan for future semesters.

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Billing & Payments
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Refunds
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Form 1098-T
Contact Us

Student Financial Services
Location: DAR-Whitford Hall
Phone: 423.869.6336
Fax: 423.869.6347
Email: finaid@LMUnet.edu

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